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FDIC MAKES PUBLIC AUGUST 1998 ENFORCEMENT ACTIONS;
ONE ADMINISTRATIVE HEARING SCHEDULED FOR OCTOBER
FOR IMMEDIATE RELEASE
PR-66-98 (9-29-98)
Media Contact:
David Barr (202) 898-6992

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. One administrative hearing is scheduled for October. The FDIC processed a total of eight orders in August. These included three cease-and-desist orders, one removal and prohibition order, one civil money penalty, two terminations of cease-and-desist orders, and one order withdrawing notice of suspension and prohibition.

Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or 800-276-6003). A list of orders made public today follows.

* * * * * * * *

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C.  1818(b)
(Cease-and-Desist Orders)

First Bank of Childersburg, Vincent, AL; FDIC-98-076b; Issued 8/10/98

Great Eastern Bank of Florida, Miami, FL; FDIC-98-079b; Issued 8/28/98

Farmers Bank of Vine Grove, Vine Grove, KY; FDIC-98-032b; Issued 8/21/98

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C.  1818(e)
(Removal and Prohibition Order)

Palmer Bank, Taylorville, IL; FDIC-97-103e; against Telena A. O'Brien; Issued
8/6/98

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C.  1818(i)
(Civil Money Penalty)

Coast Commercial Bank, Santa Cruz, CA; FDIC-98-65k, order to pay $5,000; Issued
8/5/98

TERMINATIONS

Terminations of Cease-and-Desist Orders

First Bank of Coastal Georgia, Pembroke, GA; FDIC-95-182b; Issued 8/5/98

Sutton State Bank, Sutton, NE; FDIC-92-120b; against William R. Bottorf and Phillip M. Lewis;
Issued 8/11/98

Order Withdrawing Notice of Suspension and Prohibition

Crossroads Bank, Victoria, TX; against Thano Dameris; Issued 8/5/98

* * * ADMINISTRATIVE HEARINGS SCHEDULED FOR OCTOBER 1998* * *

Stutsman County State Bank, Jamestown, ND; FDIC-97-28b; Section 8(b) Proceeding

Date: October 29, 1998 Location: Minneapolis, Minnesota FDIC contact: Dianne H. Griffith, Paralegal Specialist Memphis Regional Office

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 10,712 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed.

FDIC press releases and other information are available on the Internet at www.fdic.gov , and may also be obtained through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).

Last Updated 07/14/1999 communications@fdic.gov